Cheese Producers Report Market Trends as of 2023-07-12
Cheese makers across Europe are feeling the effects of tightening milk supplies resulting in a tight cheese market with strong consumer demand. The trend of summer holidays has caused some inconsistency within the market as it remains active for food service items. With inventories on the decline due to the high rate of demand, producers are experiencing upward pricing adjustments for certain types of cheese.
Wholesale Selling Prices For Cheese In 1000-5000 Pound Lots
Here is a closer look at the prices from New York distributors on assorted Foreign-Type and Domestic cheeses. All prices are in dollars per pound and listed as FOB Distributors Dock:
Prices for Blue, Gorgonzola, Parmesan, and Romano cheeses have all increased from the previous week. Jarlsberg and Swiss cheese prices have remained unchanged.
The prices exclusively for domestic cheeses have remained the same, with a slight adjustment to Blue, Gorgonzola, Parmesan, and Romano cheeses.
US Cheese And Curd Imports
Data for US cheese and curd imports from May of this year is showing a slight increase from the 2020 statistics. Italy, France, and the Netherlands are the top three countries for these imports with Spain and Nicaragua closely following.
CME Cheese Prices
The Cheese and Butter Market Trading report provided by the CME has reported the changes in cost of 40LBS blocks and barrels of cheese from the past week. Prices have increased marginally from the previous week.
It's clear that the European cheese market is rapidly adapting to changing consumer demand and dairy supplies. Stay up-to-date with the latest news and changes from the cheese market by following our LinkedIn Page here!